Baytex Energy Corp June 15th Short Interest Update

Baytex Energy Corp (NYSE:BTE) has shown a rise of 24.5% or 2,383,445 shares in the short positions. The bets have increased to 12,120,458 shares on June 15,2016 from 9,737,013 shares on May 31,2016. With respect to the floated shares, the shorts are 5.8%. The days to cover are calculated to be 3, using the standard per day volume of 4,121,316 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Baytex Energy Corp (NYSE:BTE): The stock opened at $5.36 on Friday but the bulls could not build on the opening and the stock topped out at $5.70 for the day. The stock traded down to $5.33 during the day, due to lack of any buying support eventually closed down at $5.44 with a loss of -9.33% for the day. The stock had closed at $6.00 on the previous day. The total traded volume was 3,407,959 shares.

The company shares have dropped -65.31% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $15.98 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $5.25 and the 200 Day Moving Average price is recorded at $3.68.

Baytex Energy Corp (NYSE:BTE) has tumbled 2.68% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 14.53% in the last four weeks. The stocks have underperformed the S&P 500 by 1.07% during the past week but Baytex Energy Corp (NYSE:BTE) it has outperformed the index in 4 weeks by 17.99%.

Baytex Energy Corp. (Baytex), through its subsidiaries, is engaged in the business of acquiring, developing, exploiting and holding interests in petroleum and natural gas properties and related assets in Canada (primarily in the provinces of Alberta and Saskatchewan) and in the United States (primarily in the state of Texas). The Companys crude oil and natural gas operations are organized into three business units: Central; Lloydminster; and United States. Each business unit has a portfolio of mineral leases, operated and non-operated properties and development prospects. The Companys wholly owned subsidiaries include include Baytex Energy Ltd., which is engaged in the business of oil and natural gas exploration, exploitation, development, acquisition and production in Canada, and Baytex Energy USA, Inc., which is engaged in the business of oil and natural gas exploration, exploitation, development, acquisition and production in the United States.

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